Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Bill Harmond who wrote (145024)	8/8/2002 5:26:01 AM
From: GST	Read Replies (3) of 164684

Prediction: Today marks the beginning of a profound decoupling. Tech stocks, led by intc, will be sold off by a market that is no longer willing to tolerate their dishonest accounting standards. Tech will stay in its secular bear market and will financially ruin people who are seriously overweight in tech stocks. A second trend will emerge in the market at the same time. Non-tech will rapidly embrace the expensing of options and will be rewarded with a mild and jerky cyclical bull market. There is enough monetary stimulus in the pipeline to keep the economy growing -- albeit at a jerky and only moderate rate. As a result of these two trends, tech will not bottom until new leaders emerge, and these leaders will be the companies that are willing to break ranks and make honest financial reports. The firms that hold out against this tide will suffer -- and of course that means their shareholders will suffer. This will end in outrage, and intc will probably be forced to change their position by the end of the year. Only then will we see a bottom in technology stocks. Until then, amzn will make an excellent short.

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